MILWAUKEE, June 2 /PRNewswire-FirstCall/ -- Harley-Davidson, Inc.
(NYSE: HDI) announced today that Donna F. Zarcone will be resigning as
President and Chief Operating Officer of Harley-Davidson Financial
Services, Inc. (HDFS), effective August 1, 2006. Zarcone, 48, has decided
to seek new entrepreneurial opportunities. She will work with the HDFS
leadership team to ensure an orderly transition of her current
responsibilities.
"At this point in my career, I want to once again lead and build a new
enterprise from its early stages. I have enjoyed leading the growth of HDFS
and the creation of our unique culture. While I will miss working with our
great leadership team and employees, I am confident that the company will
continue to thrive," said Zarcone. "It has been a privilege to be a part of
the Harley-Davidson team for the past twelve years."
Jim Ziemer, President and Chief Executive Officer of Harley-Davidson,
Inc., commented, "Donna has demonstrated a very strong record of success at
HDFS. I appreciate the leadership that she has provided to our financial
services operations during her tenure, enabling HDFS operating income to
rise from $20 million in 1998 to over $191 million in 2005. I respect her
desire to pursue new business ventures, and I wish her well during the next
chapter of her career journey."
Zarcone joined HDFS in 1994 as its Vice President and Chief Financial
Officer. In 1998, she rose to President and Chief Operating Officer. In her
eight years as President of HDFS, managed receivables have grown from
approximately $1 billion to over $6 billion. HDFS conducts business in the
United States, Canada and Europe, and has over 750 employees.
The Company will be considering internal and external candidates in its
search to fill the role of HDFS President and Chief Operating Officer.
Larry Hund, 50, Vice President of Operations and Chief Financial Officer of
HDFS, has been named Acting Chief Operating Officer in addition to his
current role. Hund joined HDFS in 2002 as Vice President and Chief
Financial Officer and was promoted to his current position in 2004. He came
to HDFS from Heller Financial, Inc., where he was Executive Vice President
and Controller.
Harley-Davidson, Inc. is the parent company for the group of companies
doing business as Harley-Davidson Motor Company, Buell Motorcycle Company
and Harley-Davidson Financial Services, Inc. Harley-Davidson Motor Company,
the only major U.S.-based motorcycle manufacturer, produces heavyweight
motorcycles and offers a complete line of motorcycle parts, accessories,
apparel, and general merchandise. Buell Motorcycle Company produces sport
motorcycles in addition to motorcycle parts, accessories and apparel.
Harley-Davidson Financial Services, Inc. provides wholesale and retail
financing and insurance programs to Harley-Davidson dealers and customers.
SOURCE Harley-Davidson, Inc.
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Related links:
http://www.harley-davidson.com
CONTACT:
Bob Klein for Harley-Davidson, Inc.,
+1-414-343-4433
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